Months Before His Death, Bruce Lee Took Out Mammoth $1,550,000 Worth Limited Life Insurance Policies in 1973

Bruce Lee‘s stardom life had just begun when he passed away unexpectedly on July 20, 1973. However, before his demise, the master was saving money so that his family could live a financially secure life. Sadly, he faced difficulty in receiving his profit share from his superhit films. Therefore, to avoid any financial puddle, the master took out $1,550,000 worth of limited life insurance policies months before his death.

Lee?s biography,?Bruce Lee: A Life,?revealed how the master dedicatedly planned a secure financial life for his family. He did so by taking up strategic insurance policies. Apart from saving money, Lee was also responsible for paying back the loan of his assets. Amidst so much to take care of, the master took frequent financial decisions in 1973.

Bruce Lee wanted to protect his family in case something happened to him

After the massive success of his 1972 film The Way of Dragon, Lee expected to receive loads of cash. However, he received his profits in small portions. His producer Raymond Chow explained to him that it was taking time for the theater owners to remit the money to Golden Harvest. Also, a major part of Lee?s earnings was already earmarked to pay back the loan of his assets. It included his mansion in Bel Air, Mercedes, and a mink coat.

However, despite Chow?s explanation, Lee believed he was cheating him by delaying his rightful share of the profits. The master was worried about protecting his family, in case something happened to him. Hence, to secure his family?s financial future, Lee took out $1,550,000 worth of limited life insurance policies in a span of three months.

In February 1973, while shooting Enter The Dragon, Lee took out a five-year limited life insurance policy from American International Assurance Company in the amount of $200,000. Next, on April 30, 1973, after the movie finished and Lee began receiving more offers, he took out another much larger policy of $1,350,000 from Lloyd?s of London. Author Mathew Polly mentioned in his biography,??It was a huge sum based largely on his future earning potential rather than his current net worth.?

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Despite securing the financial life of his family and providing them with a lavish lifestyle, Lee soon left them in July 1973. Moreover, as the master did not leave any will, it created a rift between Linda and Lee?s family in Hong Kong.?

Bruce Lee?s brother expressed his saddening wish after Bruce’s demise

The world stood still after the untimely demise of Bruce Lee. Unfortunately, instead of mourning, the master?s family had to dedicate time to negotiating over the master?s assets as he had not left any will.

During a 2013 interview with South China Morning Post, his brother Robert Lee explained that after Lee?s demise, his wife Linda immediately got down to work and got the appropriate documents for her late husband?s estate. On the other hand, Lee?s family in Hong Kong was in the dark about the same. There was?less communication between the two sides due to language and cultural barriers. Hence, this created a rift between them. Stating this Robert expressed,??I wish Bruce wasn?t that famous in that respect. We could have a real, complete family.??

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However, eventually, the family worked on their differences. On April 28, 1993, Linda and Robert together attended the Hollywood Walk of Fame Star to honor Bruce Lee in California.